TD Essential Banking

With our lowest monthly maintenance fee, no minimum daily balance requirement, and no overdraft fees or services—TD Essential Banking is a great starter account.

What you need to open a TD Essential Banking Account

  • 1

    The basics

    Name, address, phone number and email. If you're under 18, visit a TD Bank store near you with a parent or legal guardian

  • 2

    Proof of ID

    Social Security Number, birthdate and a government-issued ID

  • 3

    A way to add money

    Have your account info or debit card from another bank. Or come to any TD store with a deposit3

  • 4

    Verify your identity

    For your protection, you may need to verify your identity with a few questions throughout the account opening process

Account perks that work for you

Feel confident about your spending with this checkless, easy-to-use bank account with no overdraft fees or services.

  • No overdraft fees or services

    Stay on the right track knowing you can only spend what you have in your account1

  • We're here when you need us

    Keep tabs on your account with Online Banking and TD Bank Mobile Deposit.4 Visit ATMs and get support at 1,100+ TD locations, plus 24/7 live Customer Service

  • TD Early Pay

    Get access to your money up to two business days early with TD Early Pay when you have an eligible direct deposit5

  • Debit Card, on the spot

    Your account comes with a  contactless debit card that's easily replaced through the app or in-store. Plus, rest easy with 24/7 fraud text alerts and lock/unlock controls

Get the most from your TD Essential Banking Account

Account details

  1. Monthly Maintenance Fee

  2. Fee waiver for minors
    $0 monthly fee if the primary account holder is age 13 through 173

  3. Earns interest

  4. ATM fees
    No ATM fees at TD ATMs

  5. Checks
    Personal checks not offered for this account

  6. Online statements

  1. Paper statements
    $1 monthly fee

  2. Minimum Opening Deposit

  3. TD Overdraft Relief
    Overdraft services do not apply

  4. Free with this account
    TD Bank Mobile Deposit4

  5. TD Early Pay
    Get paid up to 2 business days early with TD Early Pay5

  6. Additional benefits
    Zelle®,6 Bill Pay

Open account

View the Essential Banking Account Guide.

1Overdraft Services do not apply to TD Essential Banking Accounts. We may decline or return transactions that would result in an overdraft. Transactions that you make may cause your account to overdraw but we will not assess your TD Essential Banking Account an overdraft fee. For example, preauthorized transactions and other transactions may post to your account even when the balance in your account is not sufficient to pay the transaction.

2While we don't require a minimum deposit to open, TD may consider your Account closed if it has a zero balance for forty-five (45) Calendar Days.

3If you are under the age of 18, you must open a joint account with a parent or legal guardian as the secondary owner. For the TD Essential Banking account, the maintenance fee is waived if the Primary account holder is 13 through 17 years of age. Upon the primary account holder's 18th birthday, the account will be subject to the monthly maintenance fee. Please see the Personal Account Maintenance Information Grid for additional details.

4TD Bank Mobile Deposit is available to Customers with an active checking, savings or money market account and using a supported, internet-enabled iOS or Android device with a camera. Other restrictions may apply. Please refer to the Mobile Deposit Addendum.

5For certain eligible direct deposits, we may make funds available for your use up to two business days before we receive the funds from your payor with our service, TD Early Pay. There is no enrollment necessary and no fee for this service. Not all direct deposits are eligible for TD Early Pay. Eligible direct deposits are limited to electronic direct deposits such as your payroll, pension, and government benefit payments. Other deposits or credits to your account, such as deposits of funds from person-to-person payments services (e.g., Zelle®), check or mobile deposits, and other online transfers are not eligible for TD Early Pay. The Bank does not guarantee that any direct deposits will be made available before the date scheduled by the payor, and early availability of funds may vary between direct deposits from the same payor.

When funds are made available early, they will be reflected in your account’s available balance. Whether we make funds available early depends on (1) when we receive the payor’s payment instructions, (2) any limitations we set on the amount and frequency of early availability, and (3) standard fraud prevention screening.

If a direct deposit is not made available early, it will be made available in accordance with our Availability of Funds Policy described in the Personal Deposit Account Agreement (PDAA). Except as expressly set forth in the PDAA, funds made available early are subject to the same terms and conditions as other deposits to your account. If we’ve made funds available early and the payor reverses or requests a return of the deposit, or the funds are otherwise uncollected by the Bank, you understand and agree that we may debit your account in accordance with our normal process found in subpart e) Direct Deposits, found in the PDAA, up to the amount of the deposit that was previously made available – even if you have already  withdrawn the funds or it creates an overdraft on your account, without prior notice from us and at any time. In this instance, you are responsible for any fees assessed – including those charged by merchants or third parties – as a result of the overdraft. TD Early Pay is offered at the discretion of the Bank, and we reserve the right to cancel the service at any time and without notice to you.

6Send Money with Zelle® is available for most personal checking and money market accounts. To use Send Money with Zelle® you must have an Online Banking profile with a U.S. address, a unique U.S. mobile phone number, an active unique e-mail address, and a Social Security Number. Your eligible personal deposit account must be active and enabled for ACH transactions and Online Banking transfers. Message and data rates may apply, check with your wireless carrier.

Must have a bank account in the U.S. to use Send Money with Zelle®. Transactions typically occur in minutes when the recipient’s email address or U.S. mobile number is already enrolled with Zelle. Transaction limitations apply.

For more information, read the Terms and Conditions.

Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

Send Money with Zelle® is only available in English in secure Online Banking.

By clicking on this link, you are leaving our website and entering a third-party website over which we have no control.

Neither TD Bank US Holding Company, nor its subsidiaries or affiliates, is responsible for the content of third-party sites hyper-linked from this page, nor do they guarantee or endorse the information, recommendations, products or services offered on third-party sites.

Third-party sites may have different Privacy and Security policies than TD Bank US Holding Company. You should review the Privacy and Security policies of any third-party website before you provide personal or confidential information.

Have a question? Find answers here